Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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ChatGPT maker reportedly eyes $1 trillion IPO despite major quarterly losses (arstechnica.com)

submitted 1 week ago by technocrit@lemmy.dbzer0.com to c/fuck_ai@lemmy.world

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On Tuesday, OpenAI CEO Sam Altman told Reuters during a livestream that going public “is the most likely path for us, given the capital needs that we’ll have.” Now sources familiar with the matter say the ChatGPT maker is preparing for an initial public offering that could value the company at up to $1 trillion, with filings possible as early as the second half of 2026. However, news of the potential IPO comes as the company faces mounting losses that may have reached as much as $11.5 billion in the most recent quarter, according to one estimate.

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[–] Jankatarch@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

Made-up money from the made-up market flowng in made-up ways that resulted in lower paying jobs for us.

Wasn't this fun? /s